Meme.com is a non-fungible token (NFT) platform that was built to serve as a home of meme markets and trend exploration.
Today, more than ever before, memes are being wildly used on the internet. Virtually, all social media platforms have meme groups, pages, and fans. Many memes and have gone viral without the creators or explorers getting any reward.
By means of blockchain technology, it is possible to reward meme creators and enthusiastic explorers indefinitely. The Meme project aims to do so by creating a platform that connects meme creators with collectors. The structure of the system will ensure that both parties can benefit from the blockchain meme niche.
Meme.com is a project that sprang up from MarbleCards, which aims to enable people to save valuable digital memories. The project was launched in 2018 and has experienced a gradual but steady growth since then.
Mattias Tryberg and Johan Unger are the co-founders of the project. Mattias is a serial entrepreneur who has vast experience in the blockchain space. He started his entrepreneurship journey over a decade ago when he founded Saplo, a text analytics company based in Sweden. The company progressed swiftly and helped Mattias win a lot of accolades. The Lund University alum has achieved many other great feats business and career-wise. He now specializes in text analytics, predictive analysis, and blockchain.
Unger, on the other hand, is a software geek who specializes in Java, HTML, CSS, PHP, and SQL. He is also a great entrepreneur, with a wealth of experience in social media marketing. Aside MarbleCards, he has used his knowledge to establish and grow numerous startups. Qulart, Strossle, and WinR are some of the projects he co-founded. Unger has also been a board member at Noted Media for over 5 years.
At the start of the Meme project, Unger and Mattias built from the scratch and funded the project from their personal cash flow for some time. Recently though, the duo has expanded the team and have sought funds from investors so as to hasten the growth of the Meme project. They have successfully raised $5 million funding from investors like Blockhype, Spark Digital Capital, and Morning Star. The project also attracted angel investors like the CEO of Altitude Games, Gabby Dixon as well as the co-founder of Polygon, Sandeep Nailwal.
According to Mattias Tryberg, the millions of dollars raised so far will be used for marketing and to further develop the platform.
What is Meme.com?
Meme.com is a non-fungible token (NFT) platform that was built to serve as a home of meme markets and trend exploration. Meme.com can track the value of memes on the internet. The goal of the founders of Meme.com is that it becomes the leading digital factory for meme exploration.
Meme.com is built on the Ethereum network. The specific protocol which it is founded upon is the ERC-721 protocol. This guarantees a high level of security for the project.
The support already gained by Meme.com from the Marble community proves that the project has potential and may become a project for the people in no time. The platform will give users the opportunity to support their favorite memes. It will also be possible for meme creators and early collectors to monetize the every green meme niche.
The platform also supports grand meme expeditions. These expeditions will be supported by users who explore and unlock meme tokens.
How the Platform Sources for Meme Data
The platform is responsive and extracts meme related data from various sources. The closest source meme.com extracts data from is Marble.cards which has a huge database for meme cards and other collectibles.
Meme.com however tracks data for memes on many other computers around the world. The Blockchain and Hypertext Transfer Protocol makes this link possible. Meme data collected from each source are then analyzed and compared on the protocol. Data points are scored based on the quality of the data. Data points decide where staking rewards will go.
The highest staking rewards will be earned by the best meme in terms of quality and popularity. These can be graded using external information like the number of mentions of the meme or the number of shares, likes, and upvotes the meme had.
How the Meme Society Works
The structure of the platform is quite easy to understand, even for users who are new to blockchain and memes. Users have a goal of collecting memes which will then be submitted and reviewed for rewards.
Explore Meme Habitats
Users on Meme.com have the goal of exploring new habitats for collecting memes. These habitats could be sites or links that contain a meme that could be minted. Meme.com claims no ownership of the sites or links that will be minted, neither will it possess site data. The platform only serves as a means for sharing these links, which will be minted. Just like users of the internet can freely share links from source sites, the platform will serve as an intermediary for sharing such. The only difference this time will be that meme.com will be utilizing blockchain technology.
Links of memes or meme cards can be minted and collected just once on the platform. No user can duplicate the efforts of another user. The goal of users is to find the best possible memes that have not been minted or collected and mint them. These memes will be sourced from different sites or links. The platform however does not support just any link. Links and cards collected must be from reliable sources.
Submit Your Findings
Once users have explored various meme habitats and have collected unique digital memes, users submit their findings to the platform. The platform’s meme council reviews the memes to ensure that it isn’t a duplicate. Also, the platform serves as a home for top-notch memes, thus, memes must pass the test of uniqueness to qualify for rewards. Meme approval is gotten from the council by casting votes.
What’s a task without rewards? It is the goal of the platform is to reward its participants as much as it can. Users who sourced for memes will be rewarded with digital art which will now possess a monetary value on the platform. Only arts that pass the test of the meme council will qualify for rewards.
Once the meme has passed the scrutiny of the meme council and now possesses a value, the meme will be made available for auction. Like every auction, the highest bidder within a stipulated time frame grabs the asset. It is possible for the collector to participate in the bid. However, whether the collector loses the bid or not, he gets some rewards for the meme or digital art he brought home. If there is no user willing to bid for the meme, the collector keeps the art and may decide to sell it at another time. The most authentic and trending memes will sell for a higher price.
The vision of the meme.com team becomes clearer as each day passes by and we can’t help but appreciate the hard work they have done to create an exciting platform in the crypto space. In no time, it will become possible to save digital memes as crypto collectibles and all users contributing to the meme niche will be able to get access to rewards.
Many meme lovers and sharers can’t wait to start exploring and collecting their favorite memes that will be this time unique and tradeable, unlike a random screenshot on a phone or computer that has no actual value. What an amazing concept!
Charles Hoskinson hits back after billionaire calls Cardano a ‘cult’
Galaxy Digital CEO Mike Novogratz said over the weekend that he was ‘shocked’ over Cardano’s valuation while calling the community a weird cult.
“And so things like Cardano, it shocks me, the valuation. And it shocks every smart developer I know. They have done something to create this weird cult,” he said.
Cardano, the number five cryptocurrency has a market cap of just under $50 billion and is within striking distance of Binance Coin (BNB). The high-speed blockchain logged one of the highest ‘commits’ on GitHub last week, but some bigwigs remain unimpressed.
Novogratz picked up on a common criticism of the project. That is, how can a half-complete network with no operational smart contracts be valued so highly?
While there is some validity to this point, the “weird cult” comment has drawn a barrage of disapproval from Cardano supporters. Input Output Global (IOG) CEO Charles Hoskinson himself waded into the controversy by accusing Novogratz of bitterness.
“Let me translate the billionaire speak for you guys. He’s saying that he doesn’t see a backdoor to get in at a favorable price or manipulate the market like the rest of the VC coins,” Hoskinson tweeted.
Let me translate the billionaire speak for you guys. He’s saying that he doesn’t see a backdoor to get in at a favorable price or manipulate the market like the rest of the VC coins. Somehow fair, transparent, community led cryptocurrencies are “cults” I’ll remember that Mike https://t.co/NksbE1JWsf
— Charles Hoskinson (@IOHK_Charles) June 13, 2021
Novogratz says Cardano is all show and no go
Novogratz dropped the bombshell speaking to Yahoo Finance Anchor Zack Guzman, in which he remarked that value is no longer derived from code. Instead, it’s a “social construct,” or as he made more explicit, all about the branding.
Hoskinson has addressed the issue of the lack of smart contracts on several occasions, saying they are on the way. But to accuse IOG and Cardano of criminality is a step too far and grossly misrepresenting the situation.
More recently, addressing the differences between Cardano and Ethereum, Hoskinson said Cardano’s slow and steady “scientific method” is, in his mind, the best way to counter system failure.
“The way we do things is a bit more mature and responsible because the way that we do things results in a better assurance that the systems we build won’t fail,” he said in a recent video.
The question is, is Novogratz’s anti-Cardano stance coming from a pro-Ethereum perspective? Or does he sincerely believe Cardano is all fluff?
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Bitcoin Made Americans More Than $4.1 Billion In 2020, New Data Reveals
During the peak months of COVID, interest in bitcoin and cryptocurrencies skyrocketed in the United States, and now many traders in the country are profiting from it. According to Chainalysis, an analytical firm specializing in blockchain technology, Americans have seen their bitcoin assets return more than $4 billion.
Bitcoin Made People Rich
While bitcoin is currently trading at a loss, it has recently completed what is likely the currency’s largest and longest bull run in its 12-year history. The coronavirus epidemic started wreaking havoc on global financial markets in March of 2020. As the economy was forced to shut down, stocks and many businesses fell to historic lows around the world.
The digital coin was purchased by notable investors such as Stanley Druckenmiller and Paul Tudor Jones; corporations like as Square, Tesla, and MicroStrategy incorporated bitcoin to their balance sheets; and regular traders joined institutional investors in swarming the market.
As a result, a large number of Americans benefited. According to a new research from software startup Chainalysis, investors in the United States generated an estimated $4.1 billion in realized bitcoin gains in 2020.
According to Chainalysis, this is more than three times as much as the next largest country, China, where investors made $1.1 billion in profit.
In a recent interview, Kim Grauer, director of research at Chainalysis, stated that one of the big contributing factors to such a large number was the fact that several institutions based in America found themselves quickly attracted to BTC. Kim states:
We know from past research that there is growing institutional investment in crypto assets, notably in the U.S. Institutional investors work with large quantities of cryptocurrencies and have been stockpiling bitcoin over the past year. The gains in the U.S. mostly came in toward the end of the year and, therefore, we suspect many institutional traders who fit this profile took in gains as the price rose in late 2020.
Chainalysis stated that the quoted figures are estimations based on transaction data it collects, and that due to the blockchain’s decentralized design, it is impossible to know for certain where parties are situated.
China Was Always The First
Though China historically has the one of the highest cryptocurrency transaction volumes, Chainalysis reports, U.S. exchanges saw “huge inflows” in 2020.
“We know from past research that there is growing institutional investment in crypto assets, notably in the U.S. Institutional investors work with large quantities of cryptocurrencies and have been stockpiling bitcoin over the past year,” Kim said.
In addition, “the gains in the U.S. mostly came in toward the end of the year and, therefore, we suspect many institutional traders who fit this profile took in gains as the price rose in late 2020.”
After China, investors in Japan earned the next highest amount, with an estimated $929 million in realized bitcoin gains. After that, U.K. investors realized $829 million, Russian investors realized $632 million and German investors realized $607 million.
“We can start to see country-level variation in the way gains are taken,” Grauer says. “For example, we know that certain countries with a robust cryptocurrency ecosystem, such as Vietnam, took in outsized gains given the overall size of the economy.”
Featured image from Pixabay, Charts from TradingView.com
French Football Partners With Sorare To Release NFT Cards For Men’s National Team
Sorare announced a new licensing agreement with the French Football Federation (FFF) this morning for the issuance of non-fungible tokens (NFTs).
French National Team To Release NFTs
With the Euro 2020 tournament currently underway, blockchain-based fantasy soccer game Sorare has announced a licensing arrangement with a national sports body to create nonfungible tokens of its players.
Prior to the team’s match against Germany on Tuesday, Sorare announced that the France Football Federation, or FFF, had introduced its own line of player nonfungible tokens, or NFTs. The French National Team is currently competing in the 2020 Union of European Football Associations European Football Championship, dubbed “The Blues” due to the color of their jersey. Due to the epidemic, the Euro 2020 event was postponed last year.
The addition of national teams to the NFT collection is a logical next step for the digital collectible platform. The platform has a large international fan base to draw from, with approximately 100,000 active monthly users from 140 countries. France was an obvious option to be the first national team to partner with, given that they are the reigning world champions.
France is one of the first national football associations to enter into a licensing arrangement for official digital artifacts, having won the European Football Championship in 1984 and 2000. Sorare, on the other hand, stated that it was “in active discussion” with other associations throughout the world.
Sorare’s CEO, Nicolas Julia, stated that: “Today is an historic day for Sorare as we release the World Champions to the game through our unique collaboration with the French Football Federation!”
“The team is on fire and much more is coming soon to bring you the best of the world of football,” he added.
Related article | Thailand’s SEC Has Banned NFTs And Meme-Based Tokens
Sorare Will Tokenize French Players
The licensing agreement will allow NFT digital cards of the French men’s team to be created for the Euro competition. The cards will be useful in the same way that the club versions of each player’s card are useful. Each NFT is also included in the current supply of each player’s 111-card 2020 season release.
For the 2020 season, the company will tokenize France national team players such as Antoine Griezmann, Paul Pogba, and Hugo Lloris into digital cards. Player cards for the fantasy football game will have varied scores and rarity based on their performance stats stored on the blockchain.
Top players from ongoing Global Nations competitions will be issued National Team cards beginning in Game Week 174, and their numbers will grow as teams are eliminated from play. The top three finishers in each event will automatically get a random FFF Super Rare card.
Sorare said it had sold more than $70 million in digital cards since January and currently has 90,000 monthly active users from 140 countries. Residents of more than 200 countries play football — or soccer, as it’s called in the United States and a few other nations.
“We’ve onboarded the World Champions: the French team,” said Sorare CEO Nicolas. “It is the first of many football associations that will be joining us in the coming weeks and months.”
Related article | NFTs In A Nutshell: A Weekly Review
Featured image from Pixabay, Charts from TradingView.com
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